Note: Positioning in the quadrant indicates short- and long-term expectation for each CMA’s housing market. The best position would be in the Up-Up quadrant, which shows positive prospects for both short- and long-term growth. The worst position would be in the Down-Down quadrant.
Sources: The Conference Board of Canada; CMHC Housing Time Series Database.

Metropolitan Housing Starts

Expectations

Year Ago

6-Mon. MA

3-Mon. MA

Sep. 12

Short Term*

Long Term**

St. John’s

1,900

2,277

2,215

2,149

–

–

Halifax

2,994

2,348

2,830

3,128

+

+

Saint John

235

388

510

1,098

+

–

Moncton

1,192

1,422

1,478

2,306

–

+

Québec CMA

5,688

6,981

7,553

8,003

–

–

Montréal

31,741

22,578

22,967

22,440

+

–

Trois-Rivières

1,839

1,043

852

700

+

–

Saguenay

640

864

726

778

–

–

Sherbrooke

1,562

1,619

1,585

1,809

–

–

Ottawa–Gatineau

8,907

10,192

6,739

8,252

+

–

Kingston

330

897

1,287

1,849

–

–

Greater Sudbury

700

489

559

448

–

–

Thunder Bay

1,551

301

281

267

–

–

Oshawa

1,973

1,556

1,310

1,249

–

+

Toronto

31,249

47,463

48,595

38,784

+

+

Hamilton

2,175

2,856

2,524

2,833

–

+

St. Catharines–Niagara

457

945

943

1,065

+

–

Kitchener–Waterloo

4,794

2,297

2,280

4,275

+

–

London

1,797

2,249

2,365

1,695

+

+

Windsor

955

746

738

725

–

+

Winnipeg

2,133

4,301

4,520

5,581

+

+

Regina

1,987

2,840

2,861

3,074

+

–

Saskatoon

2,751

3,402

3,754

5,151

+

–

Calgary

8,846

12,799

10,650

11,022

+

–

Edmonton

8,649

12,673

13,540

13,933

+

–

Vancouver

17,829

20,254

18,515

17,291

+

–

Victoria

1,738

1,736

1,985

1,896

–

+

Abbotsford

371

386

352

335

–

+

Starts seasonally adjusted, annual rate.
*Short-term expectations are based on residential permits data.
**Long-term expectations are based on demographic requirements.
Sources: The Conference Board of Canada; CMHC Housing Time Series Database.

About the Metropolitan Housing Starts

The monthly Metropolitan Housing Starts publication provides the recent trends in housing starts for 28 metropolitan areas and expectations for starts over both the short and long term.

Disclaimer: Forecasts and research often involve numerous assumptions and data sources, and are subject to inherent risks and uncertainties. This information is not intended as specific investment, accounting, legal, or tax advice.